GODREJCP trade ideas
rounding bottom formationnotice how price has behaved with volumes, seller hv been weak throughout rounding formation. where bulls accumulated with heavy volume and wide spread. price is paused after breaking neckline. either it will take pull back to retest neckline or it may fly directly. with 7% sl can be taken long.
BUY at current levelretracement from recent spike is over.
has retraced a decent amount and green candles signal stock might go up from here.
small sl if we enter at current level.
GODREJCP ::: BULLISHL O N G T E R M S I P T R A D E
DATE: 20 MAY 2021
INSTRUMENT: GODREJCP
TREND: BUY
TIME FRAME: DAY
CMP: 268.40
BUY ABOVE: 810 - 812
STOP LOSS: 800
TGT 01: 846
TGT 02: 857
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GodrejCP- Change of CEO has given the necessary boostBreakout above 800 has opened the doors for 900 and 965 levels
Godrej Consumer Products LtdThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
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BUY GODREJCPBuy Only If Heiknashi Candle Made OPEN=LoW on daily basis next day , I think it's time to reversal
GODREJCP keep it - long wayGoing up breaking 52 week high - Financial report looks good, definitely will give good return
